Mmamabula investors 'hang tough' in share price rollercoaster

Since the announcement of a separation from potential takeover partner JSW Energy on May 31, CIC Energy's BSE investors have maintained faith in the counter, withstanding selling pressure despite the silence over the future of the project. CIC Energy's share price held at P24.32 until June 28 when it marginally fell off the once-off sale of 250 units.

By comparison, CIC Energy's Toronto Stock Exchange (TSX) investors have been less patient, as seen by the counter's rapid 32-percent fall in value since the May 31 announcement. The Mmamabula-developer's counter fell from Canadian $3.16 on May 31 to 2.16 by Tuesday afternoon amidst strong selling pressure on the TSX where it is primarily listed.